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€200 million to Pirelli to facilitate the transition to the Circular Economy

Intesa Sanpaolo has signed a €200 million circular loan with Pirelli to encourage the transition of the leading multinational group in the high value tire sector towards a circular production model.

We are delighted to support Pirelli - a leading international group in its reference market - on the road to achieving the important milestones set out in its Business Plan, such as progressive reductions in the raw materials used and in CO2 emissions in the production chain, as well as greater resistance and therefore lower tyre consumption.

 

Mauro Micillo, Head of Intesa Sanpaolo’s Corporate & Investment Banking Division and CEO of Banca IMI

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